Economics
Sunak Vows to Use ‘Fiscal Firepower’ to Protect U.K. Jobs
- Budget to set out three-point plan for economic recovery
- Chancellor warns that public finances will need to be fixed
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Rishi Sunak will pledge to use the U.K. government’s “fiscal firepower” to protect jobs and livelihoods, while signaling the need for future sacrifices to pay down the huge debts accumulated as a result of the coronavirus pandemic.
In his budget on Wednesday, the chancellor of the exchequer will outline a three-point plan to continue Covid support programs, fix a gaping hole in the public finances and build an economy fit for the future, according to a statement from the Treasury Tuesday.